What STRATTEC Security makes

STRATTEC Security Corporation is one of the world's largest producers of automotive locks and keys, and its product line now reaches well beyond the ignition. The company designs and manufactures mechanical and electronically enhanced locks and keys, ignition lock housings, passive-entry passive-start (PEPS) systems, key fobs, push-button start switches, and steering column locks. On the access-control side it makes power sliding door systems, power liftgate and power deck-lid systems, engineered latches, and door handles for OEM vehicle programs. It also produces precision zinc die castings and runs a large aftermarket business selling smart keys, transponder keys, and remote head keys.

STRATTEC groups its offering into two lines: Security & Authorization Solutions (the locks, keys, fobs, and ignition products) and Power Access Solutions (the latches and powered door, liftgate, and deck-lid mechanisms). Beyond passenger vehicles, the company supplies products to the heavy-truck, recreational-vehicle, and marine markets. As a Tier 1 supplier, STRATTEC handles end-to-end product development, from engineering through precision manufacturing, and its parts are model-specific, fitting defined vehicle applications rather than sold as generic components.

Financial performance

STRATTEC (NASDAQ: STRT) reported record net sales of $579.4 million in fiscal 2026, the year ended June 28, 2026, up 3 percent from $565.1 million in fiscal 2025. Net income attributable to STRATTEC was $20.6 million, or $5.00 per diluted share, up from $18.7 million and $4.58 the prior year. Gross margin rose 150 basis points to 16.5 percent, and adjusted EBITDA reached $50.5 million, a 15.3 percent increase over fiscal 2025.

The balance sheet is the headline. STRATTEC ended fiscal 2026 with $108.2 million in cash and no debt, after generating strong operating cash flow across the year. The fiscal 2026 sales gain was driven by roughly $11.0 million of pricing (including U.S. tariff surcharges and price increases) and $3.3 million of additional volume. The margin and cash improvements followed a leadership-led operational transformation that began in fiscal 2025. For context, fiscal 2024 net sales were $537.8 million on roughly 3,365 employees, so the company has posted three consecutive years of revenue growth into fiscal 2026.

Ownership and history

STRATTEC became an independent public company on February 27, 1995, when Briggs & Stratton spun off its automotive Technologies Division. Briggs & Stratton, founded in 1908 by Stephen Briggs and Harold Stratton, had renamed that division the Technologies Division in 1987 and housed the automotive key and lock assets in a new subsidiary, STRATTEC Security Corporation, in September 1994 ahead of the spin-off. The company has traded on Nasdaq under the symbol STRT ever since.

After the spin-off, STRATTEC expanded through acquisition. It acquired Delphi Automotive Systems' Global Automotive Access and Security business in 2003 and ADAC Automotive's Access Control business in 2011, moves that took it from locks and keys into powered access and latches. STRATTEC also operates an access-control joint venture with ADAC Automotive. The company is headquartered in Milwaukee, Wisconsin, at 3333 West Good Hope Road. In July 2024, Jennifer Slater, formerly an executive at Sensata Technologies and Clarios, was appointed President and CEO; Matt Pauli joined as Senior Vice President and CFO in November 2024, alongside a broader executive refresh.

Manufacturing footprint

STRATTEC manufactures substantially all of its products at facilities it owns in the United States and Mexico. The Milwaukee, Wisconsin plant specializes in die casting, stamping, and plating, and produces many of the components used in the company's finished products. STRATTEC operates three production facilities in Ciudad Juarez, Mexico, which handle finished-product assembly along with plastic injection molding and printed circuit board manufacturing, and a facility in Leon, Mexico, that adds plastic injection molding, a custom paint system, and assembly. A distribution center in El Paso, Texas supports cross-border logistics between the Mexican plants and North American customers. This U.S.-plus-Mexico structure makes STRATTEC a nearshoring case study, and it also creates direct exposure to tariff and trade-policy shifts on goods moving across the border.

Certifications and quality

STRATTEC holds IATF 16949:2016, the automotive quality management standard, across its Milwaukee operations and corporate offices, its three Mexican production plants, the ADAC/Strattec Mexican plant, and its El Paso distribution center. Its Milwaukee operations and all Mexican plants (including the El Paso warehouse) are certified to ISO 14001:2015 for environmental management. One Mexican plant additionally holds ISO 45001:2018 for occupational health and safety, and another holds ESD S20.20 for electrostatic discharge control. Multi-site IATF 16949 certification is the norm for a Tier 1 of this size and is a precondition for the PPAP discipline that OEM programs require.

Known customers

STRATTEC's SEC filings and public awards document its major customer relationships directly.

The company states in its 10-K that a significant portion of annual sales go to General Motors, Ford, and Stellantis, and that its products are model-specific, so its results track these customers' vehicle production. That concentration is typical for a lock, key, and access-systems supplier serving North American light-vehicle programs.

Sourcing evidence

STRATTEC's U.S. import record is deep for an access-and-security Tier 1: its El Paso importer entity shows 8,133 sea shipments on record, with the most recent logged September 25, 2026, confirming an actively running supply chain. The most active named foreign suppliers are Witte Nejdek of the Czech Republic, Taigene Electric Machinery of Taiwan, Fawn Newtec, and Methode Electronics Shanghai of China, a mix consistent with a maker of electromechanical locks, motors, and electronic access modules importing subcomponents to feed North American assembly. A related importer entity, ADAC Strattec, adds another 485 shipments, most recently in August 2026, reflecting the access-control joint venture.

Coverage caveats: these are U.S. ocean-freight bill-of-lading records only. Air, truck, and rail movements, including most cross-border U.S.-Mexico flows through the company's own Juarez and Leon plants, do not appear; some records name freight intermediaries rather than manufacturers; and product categories come from declared manifest codes, which are noisy. Absence of a record is not evidence of absence.

Frequently asked questions

What does STRATTEC Security make?

STRATTEC Security manufactures automotive locks and keys, ignition lock housings, passive-entry passive-start systems, key fobs, push-button start switches, and steering column locks, plus access-control products including power sliding door systems, power liftgates, power deck lids, engineered latches, and door handles. It also produces precision zinc die castings and runs an aftermarket key and lock business.

Who owns STRATTEC Security?

STRATTEC Security is an independent, publicly traded company listed on Nasdaq under the symbol STRT. It was spun off from Briggs & Stratton on February 27, 1995, and has operated as a standalone company ever since. It is not owned by a parent corporation.

What is STRATTEC Security's annual revenue?

STRATTEC reported record net sales of $579.4 million in fiscal 2026, the year ended June 28, 2026, up 3 percent from $565.1 million in fiscal 2025. Net income was $20.6 million, or $5.00 per diluted share, and the company ended the year with $108.2 million in cash and no debt.

Where is STRATTEC Security headquartered?

STRATTEC Security is headquartered at 3333 West Good Hope Road, Milwaukee, Wisconsin. It manufactures in Milwaukee and in three plants in Ciudad Juarez plus one in Leon, Mexico, and operates a distribution center in El Paso, Texas.

Who are STRATTEC Security's customers?

STRATTEC's fiscal 2026 SEC filing states that a significant portion of its sales go to General Motors, Ford, and Stellantis. The company has won a GM Supplier Innovation Award and was named a Ford Rotunda Supplier of the Year, and it also serves heavy-truck, recreational-vehicle, and marine markets.

What certifications does STRATTEC Security hold?

STRATTEC holds IATF 16949:2016 across its Milwaukee, Mexican, and El Paso sites and ISO 14001:2015 for environmental management at its Milwaukee and Mexican operations. One Mexican plant is certified to ISO 45001:2018 for occupational health and safety, and another holds the ESD S20.20 electrostatic discharge standard.

Last verified September 28, 2026. Is this your company? Request a correction.